DDL Electronics Retains Needham & Co. as Advisor

DDL Electronics in Newbury Park has engaged the investment-banking firm Needham & Co. to serve as financial advisor and assist DDL in its mergers-and-acquisitions strategy and to evaluate alternatives for increasing shareholder value.

“Needham will evaluate DDL’s current merger opportunities and has also been directed by DDL’s board of directors to bring additional opportunities to the table,” said Gregory L. Horton, DDL chairman, CEO and president.

Needham provides investment-banking services to emerging growth companies and their institutional investors. DDL Electronics provides design and contract manufacturing services to original equipment manufacturers in the instrumentation, communications, computer, medical and aerospace industries.

The company’s contract manufacturing operations are located in Southern California and Northern Ireland.